UAE Halts Shah Gas Field After Iranian Drone Attack

The United Arab Emirates has suspended operations at a key natural gas field in Abu Dhabi following the first direct attack on a producing field in the UAE as Iran…

Oil Prices Jump More Than 2% After Renewed Iranian Attacks on UAE

Summary Iran renews attacks on US Gulf allies Strait of Hormuz disruption has halved UAE crude output Middle East crude benchmarks hit record highs (Reuters) – Oil prices rose by…

US Weighs Near $1 Billion Settlement With TotalEnergies for Abandoning Wind Farms, NYT Reports

Get the Latest US Focused Energy News Delivered to You! It’s FREE: U.S. officials are drafting agreements to pay French oil major TotalEnergies about $1 billion in ​settlements due to…

SC Says No Clear Off-Ramps in Conflict, Ups Brent Forecast

Despite optimistic comments from the U.S. about the potential duration of the conflict, there appear to be no clear off-ramps at present. That’s what Standard Chartered Bank Energy Research Head…

U.S. Diesel Prices Top $5 a Gallon as Hormuz Crisis Ripples Across America

U.S. diesel fuel prices topped $5 per gallon, according to GasBuddy, which has only happened once before, Reuters noted in a report, citing the GasBuddy data. The price tracker earlier…